There's no harm in dropping the $60 on a new Shure vocal microphone. It's been an industry standard for years and years. The SM series. The Beta series (a little more expensive at around $100).
And they're built like tanks. I own several of their microphones including an SM57 and an SM58 (the vocal mic). I'd highly recommend the SM58 for ANYONE getting started into vocals.
Another brand you'd want to consider putting it up against in comparison is Sennheiser, who, lately, has been putting out some awesome products.
Let me know if you have any other questions. Feel free to look around and check out some of the reviews of Shure and Sennheiser equipment on the site, too!
Peace,
J
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Music Gear Review - Keyboard/MIDI and Songwriting Editor/Mod
"I don't like it, and I'm sorry I ever had anything to do with it." - Erwin Schrodinger, on Quantum Physics
Keys: Nord Stage 88, Nord Lead 2, Yamaha W7
Upton Bass Custom Upright, BSX Allegro EUB, '80s Peavey T-40, MIM Active Jazz Bass, Godin BG-5, Fender Bassman 100, `68 Fender Bassman 50 head, Gallien-Krueger Fusion 550, SWR (pre-Fender) Goliath III 4x10, Markbass 2x10 Traveler